Tax Year 2025 Tax Brackets. Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction. Under section 115bac, default rates for individuals and hindu undivided families (huf) include a 0% tax for income up to.
Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction. Tax rebate up to rs.25,000 is. In budget 2025, the finance minister announced no income tax will be payable for income up to โน12 lakh under the new regime, as the rebate has been increased to โน60,000.
